Botswana is introducing a new law that compels mining companies to sell a 24% stake to locals if the government declines its option to buy shares.

Nigeria’s central bank raised its benchmark interest rate for the fourth time this year to combat soaring inflation and a weakening naira.

In a surprising development, Egypt has announced a rapid decline in its external debt, totaling $14 billion in just five months.

The parliament launches an investigation to address limited crude supplies, substandard fuel practices, and rising fuel queues.

South Kivu in DR Congo suspends all mining to address “disorder” and restore order in the mineral-rich but violence-plagued region.

The African Development Bank lends $1 billion to South Africa’s Transnet to upgrade its rail and port infrastructure.

Egypt’s Suez Canal revenue dropped 23.4% due to a decline in shipping traffic caused by Huthi rebel attacks in the Red Sea.

Cooperation in energy, mining, intelligence, and defense is on the agenda.

The IMF approved $71 million for Niger despite a military coup, while urging the country to improve debt management and fight corruption.

African leaders discuss the African Union’s budget for 2025 and its role at the upcoming G20 Summit during a meeting in Ghana.

TotalEnergies exits a Nigerian onshore oil venture, selling its stake to Chappal Energies for $860 million.

Ethiopia signs a currency swap agreement with the UAE, allowing for exchange of local currencies and promoting trade and investment.

A Nigerian court delays a money laundering trial against cryptocurrency exchange Binance and its executives until October.

Uganda’s coffee exports rose 18.2% in June due to a large harvest in the south and southwest regions.

After a two-year pause, travel between Nigeria and the UAE is back on track.

A stress test warns of potential collapse if borrowers in agriculture and mining suffer.

President William Ruto recently fired almost his entire cabinet and pledged to form a broad-based government in response to protester demands

After taking office in March, Faye ordered an audit of the oil, gas, and mining sectors and emphasized the need for fairer terms with foreign operators

Falling diamond sales widen the budget deficit, prompting the IMF to advise slowing infrastructure spending.

The African Group has requested WTO chief Ngozi Okonjo-Iweala to run for a second term, highlighting her historic leadership and the need for continued progress.

The Brazilian logistics giant eyes the potential of Africa’s most populous nation.

Libya’s High State Council (HSC) rejected a budget passed by the eastern-based parliament.

The move is expected to impact Uganda’s increasing gold exports, which surged to $2.3 billion last year

Libyan eastern parliament approves additional 88 billion dinar budget to support Benghazi government for the rest of 2024